| Today's Headlines | September 30, 2022 |
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Atlantic Hurricane Season, which runs from June 1 through Nov. 30, had a slow start this year but has begun ramping up as Hurricane Fiona made its way across the Atlantic last week and brought with it damage across Puerto Rico, the Dominican Republic, and Turks and Caicos. Hurricane Fiona is classified as the first... read more | | |
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Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It was too early to know the extent of property insurance claims from the storm, although a few analysts and officials offered some preliminary estimates. Some in the industry are now worried that extensive losses from... read more | | |
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Your kitchen has been the same color for as long as you've lived in your home and you know it's time to make a change. You don't need the full remodel; you just need some paint (or so you think). You go to the paint ... read more | | |
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Offering an initial estimate of $25-$40 billion in insured losses from Hurricane Ian, Fitch Ratings said that P/C insurance and reinsurance company credit ratings are unlikely to be downgraded as a result of loss impacts. Ample capital levels will help them absorb the hurricane losses, Fitch said in an statement yesterday. Unrated carriers—Florida specialists that... read more | | |
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Investors who backstop Florida's insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance costs for residents. Ian's landfall hammered Florida with heavy winds and historic floods. On top of the humanitarian toll, that could mean... read more | | |
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ICEYE, a provider of SAR (synthetic aperture radar) satellite data, revealed on Friday morning that a total of 83,879 Florida properties have been impacted by flooding from Hurricane Ian, based on its initial analysis. While inundation levels were 2 feet or less for 85 percent of the properties, just over 1 percent—over 1,000 properties—had flood... read more | | |
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Top U.S. insurance companies and associations say California is risking a crisis in the nation's largest automobile insurance market by refusing to approve any rate increases for more than two years, since the start of the coronavirus pandemic. The companies already are cutting back and say they can't continue operating at a loss while Insurance... read more | | |
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The person who invented autocorrect should burn in hello. We've probably all seen some form of this joke and thought about a situation where a word we wanted to type was replaced by one we definitely did not intend to write. For the most part, though, I think we can agree that the man who... read more | | |
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| | In 2021, US crop insurers achieved favorable results, with record high premium ... read more | |
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| | In this newly released State of Technology Survey report, carriers and MGAs ... read more | |
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| | Insurers face formidable challenges when it comes to the end-to-end handling of ... read more | |
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| | Leading insurers are already implementing digital engagement solutions for ... read more | |
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| | Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ... read more | |
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